Speaking about his decision, Schubert said: "I have enjoyed my time here at Repower very much. I am extremely grateful for the exciting times I have lived through with Repower on its journey from a north-German niche player to a global champion."

He added: "I would also like to take this opportunity to say what a pleasure it has been working with [Suzlon chief executive] Tulsi Tanti and his senior team as well as Andreas Nauen."

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